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In Liberal San Francisco, Tech Leaders Brawl Over Tax Proposal to Aid Homeless

Jack Dorsey of Twitter and Marc Benioff of Salesforce, among others, are sparring over a Nov. 6 ballot initiative that would impose new corporate taxes.

Source: NYT > Business Day | 21 Oct 2018 | 5:07 am(NZT)

Fox Network Is Replacing Chief With Charlie Collier of AMC

Gary Newman, a co-chief executive of the Fox Television Group, had been expected to stay in charge, but wanted to leave in the spring. So the network acted now.

Source: NYT > Business Day | 21 Oct 2018 | 4:37 am(NZT)

China’s Growth Hits Slowest Pace in a Decade

Slowdowns in investment and retail sales are cooling one of the world’s most important economic engines. As the trade war with the U.S. intensifies, the downturn could get worse.

Source: NYT > Business Day | 21 Oct 2018 | 3:53 am(NZT)

Powerball and Mega Millions Are Up to $2 Billion. Here’s What to Do if You Win Both.

Your odds are 1 in 88 quadrillion, but it’s best to be prepared. If you do win: Don’t sign the winning ticket. Tell no one. Hire a lawyer, a financial adviser and an accountant.

Source: NYT > Business Day | 21 Oct 2018 | 3:50 am(NZT)

Immune-Based Treatment Helps Fight Aggressive Breast Cancer, Study Finds

Combining immunotherapy and chemotherapy can help women with an aggressive type of breast cancer and should become their new standard of care.

Source: NYT > Business Day | 21 Oct 2018 | 3:30 am(NZT)



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Exclusive: CrowdStrike hires Goldman Sachs to lead IPO - sources

(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company's IPO)

Source: Reuters: Business News | 21 Oct 2018 | 2:07 am(NZT)

Africa’s Youngest Billionaire Is Freed After Abduction in Tanzania

Mohammed Dewji, 43, chief executive of METL Group, was snatched a week ago outside a luxury hotel in Tanzania. His company said Saturday that he was safe.

Source: NYT > Business Day | 20 Oct 2018 | 10:50 pm(NZT)

Venture Capitalist: A.I. Hype Still “Has a Ways to Go Up”

Anna Patterson, a former senior engineer at Google, has looked at all sorts of start-ups working on A.I. Some have great ideas, and some go too far.

Source: NYT > Business Day | 20 Oct 2018 | 10:20 pm(NZT)

Republicans Find a Facebook Workaround: Their Own Apps

Conservative political apps deliver curated partisan messages, free from the strictures and content guidelines imposed by Silicon Valley giants.

Source: NYT > Business Day | 20 Oct 2018 | 10:00 pm(NZT)

Google to charge Android partners up to $40 per device for apps: source

(This Oct. 19 story has been refiled to fix wording in fourth paragraph)

Source: Reuters: Business News | 20 Oct 2018 | 9:50 pm(NZT)



Facebook Ads From Unknown Backer Take Aim at Brexit Plan

The anonymous group’s campaign highlights Facebook’s continuing trouble with political advertising.

Source: NYT > Business Day | 20 Oct 2018 | 9:40 pm(NZT)

UBS warns staff over China travel after banker held in Beijing: source

Swiss bank UBS Group AG. has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials, a person familiar with the matter said.

Source: Reuters: Business News | 20 Oct 2018 | 7:25 pm(NZT)

Quaker Bets Oat Milk Is More Than Just a Passing Fad

Quaker Oats, a unit of PepsiCo, will enter the fast-growing market for plant-based milk alternatives with a version based on the grain that made it famous.

Source: NYT > Business Day | 20 Oct 2018 | 6:27 pm(NZT)

With market on edge, investors look to tech trio

The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.

Source: Reuters: Business News | 20 Oct 2018 | 5:35 pm(NZT)

Japan Caved to Trump on Trade Talks. Now the Real Haggling Begins.

Tokyo could offer minor concessions to give Washington a face-saving deal, but already the U.S. is signaling a tough stance on autos and agriculture.

Source: NYT > Business Day | 20 Oct 2018 | 5:10 pm(NZT)

Fed's Kaplan sees two-three more rate hikes to hit 'neutral' level

Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday.

Source: Reuters: Business News | 20 Oct 2018 | 2:07 pm(NZT)

Italy’s Debt Rating Is Cut to One Level Above Junk

Moody’s downgrade followed the government’s decision to accept higher budget deficits, a move that prompted a sell-off in Italian 10-year bonds.

Source: NYT > Business Day | 20 Oct 2018 | 1:54 pm(NZT)

Frustrated GM investors ask what more CEO Barra can do

General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.

Source: Reuters: Business News | 20 Oct 2018 | 12:04 pm(NZT)



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Apple CEO urges Bloomberg to retract spy chip story

Apple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple's internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents.

Source: Reuters: Business News | 20 Oct 2018 | 11:49 am(NZT)

S&P falls on interest rate, trade concerns; P&G lifts Dow

The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.

Source: Reuters: Business News | 20 Oct 2018 | 10:53 am(NZT)

'How could I find £3,000 to pay for my mum's funeral?'

With the average cost of a funeral on the rise, a growing number of people are looking for cheaper alternatives.

Source: BBC News - Business | 20 Oct 2018 | 9:58 am(NZT)

Online sellers 'pay for positive reviews'

A Which? investigator was hired to write high-rated reviews online in return for free goods.

Source: BBC News - Business | 20 Oct 2018 | 9:58 am(NZT)

Worries among tenants over deposit return

A survey says nearly a fifth of private tenants have waited more than three months to get a deposit back.

Source: BBC News - Business | 20 Oct 2018 | 9:57 am(NZT)

Euro, pound rally on Brexit concession; global stocks dip

Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand.

Source: Reuters: Business News | 20 Oct 2018 | 9:49 am(NZT)

Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air base

U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday.

Source: Reuters: Business News | 20 Oct 2018 | 9:14 am(NZT)

Tesla launches new $45,000 Model 3

Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease.

Source: Reuters: Business News | 20 Oct 2018 | 9:11 am(NZT)

U.S. landlords copy hotel model to cut risk as coworking surges

Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers.

Source: Reuters: Business News | 20 Oct 2018 | 9:03 am(NZT)

Facebook hires former deputy PM Sir Nick Clegg

The former Liberal Democrat leader will head Facebook's global affairs and communications team.

Source: BBC News - Business | 20 Oct 2018 | 7:47 am(NZT)

How the petrol and diesel ban will work

A ban on sales of new petrol and diesel cars should be brought forward by eight years to 2032, MPs say.

Source: BBC News - Business | 20 Oct 2018 | 4:28 am(NZT)

Persimmon boss refuses to answer questions about £75m bonus

The boss of housebuilding firm Persimmon tells the BBC he'd "rather not talk about" his £75m bonus.

Source: BBC News - Business | 20 Oct 2018 | 2:20 am(NZT)

Plastic recycling firms accused of abusing market

The Environment Agency is probing claims exporters are abusing the recycled plastics market.

Source: BBC News - Business | 20 Oct 2018 | 1:13 am(NZT)

Government borrowing in September lowest since 2007

The drop may give Chancellor Philip Hammond room for manoeuvre in the upcoming Budget on 29 October.

Source: BBC News - Business | 20 Oct 2018 | 12:17 am(NZT)

eBay revs up to take on Auto Trader in car ads

The online marketplace is acquiring Motors.co.uk, making it a "leading alternative" to Auto Trader.

Source: BBC News - Business | 20 Oct 2018 | 12:00 am(NZT)

Lakeside and Metrocentre owner boosted by £2.9bn bid

Shares in shopping centre owner Intu jump as it mulls a takeover bid from a consortium of investors.

Source: BBC News - Business | 19 Oct 2018 | 9:30 pm(NZT)

Banks closures: 13 million people have lost half of local branches

Where have all the branches gone? BBC analysis finds nearly 6,000 local banks have closed since 2010.

Source: BBC News - Business | 19 Oct 2018 | 9:14 pm(NZT)

Diesel and petrol ban should come much faster, say MPs

The government’s 2040 deadline for shifting to electric-powered cars criticised as 'unambitious'.

Source: BBC News - Business | 19 Oct 2018 | 8:53 pm(NZT)















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